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DIL Question

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jsrivera04 Joined: 23 Feb 2008 Posts: 1 1.36 Dollars($)	Posted: Sat Feb 23, 2008 4:10 pm    Post subject: DIL Question Hello, Can anyone tell me if a lender can file a deficiency judgement after a DIL was agreed on? Also, does the lender have the required forms to process a DIL or does the borrower have to present this and if so, where do i get this DIL contract/form? Thanks!
lisascherzer Joined: 04 Jan 2008 Posts: 599 69.58 Dollars($)	Posted: Sun Feb 24, 2008 12:05 am    Post subject: I dont think they can. I believe that is the main reason to opt for the DIL instead of foreclosure. I would call the lender and check. _________________ Lisa Scherzer Allpointe Mortgage Expert Mortgage Broker 440-521-7060 Get Mortgage Quotes Compare 100+ Mortgage Lenders Here Find Real Estate Agents
adonis Joined: 22 Oct 2005 Posts: 1297 Location: ALASKA 114.14 Dollars($)	Posted: Mon Feb 25, 2008 5:30 am    Post subject: If lender accepts DIL then he will not not agree to go for deficiency judgement against the borrower for the balance amount. _________________ Procrastination is the enemy of your financial sucess
evolovik26 Community Experts Joined: 15 Aug 2007 Posts: 482 Location: Minneapolis 19.70 Dollars($)	Posted: Mon Feb 25, 2008 7:36 am    Post subject: DIL is just like a settlement the lender takes the house back and the note is considered to be paid/settled in full _________________ Eugene Volovik Branch Manager Team USA Mortgage 612-481-3127 Conventional, FHA and Commercial Lending

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